Hi,

Hopefully some one can offer some advice..

I am going to get 21k + 400p/month car allowance + all fuel paid company fuel card.

What are the implications tax-wise i am presuming from research that;

1. The car allowance as it is rolled into my salary will be deducted @ 20%. I.e£320.00 in hand.

2. The fuel card will be seen as benefit in kind, how then will this affect monthly cash in hand amount, given that i estimate 25k business miles & 5k personal.

3. As i am effectively purchasing a car in my name i can get 45p x 10000 miles & 25p thereafter End Of Year tax rebate. Is this figure right £8250 annually.

Also;

As i am currently driving a car valued under 2k this may be a good opportunity to get on the pcp ladder so to speak.. Here comes the head in the clouds bit.. Feel free to tell me:)
A 2013 new 318d bmw sport will cost 2k up front 400 month, inc servicing 50k miles etc..
While i will have to cover some of the amount myself after three years (warranty expires) i can trade in at a hirer value than say a 90kmiles Hyundai i40 tourer?? What am i missing?

All help through allowance/bik/tax vs car finance minefield gratefully received!! Read more

Just helped one son find a cheap car, a year 2000 Accent.

Owned from new by (I guess) elderly driver who meticulously had it serviced each year, all receipts carefully filed in original folder. The car is generally like new.... Read more

We had our personal first episode of car crime in High Peak today.
When I went out to the car I found that I'd carelessly omitted to lock it last night.
When I opened it I saw that the collection of old petrol receipts that I keep in the cupholder in the centre console had been taken out and sorted, some on the driver's seat and some on the passenger's seat. The windscreen scraper from the main compartment of the centre console was on the driver's seat together with my prescription driving glasses and SWMBO's sun glasses. The fuse box lid was hanging loose. Surprisingly, the front recess of the centre console, with my collection of old parking tickets hiding the change for parking machines, was untouched. A thief would at least have taken the cash.

SWMBO went down to the kitchen to take her tablets at 04:00 am, switching the light on. She had also switched on the garage lights to check whether or not it was raining. We think that the would-be thief was disturbed by the lights coming on and did a bunk.
SWMBO thinks that the attempt was adventitious, the thief going around trying car doors until they found one that was unlocked.
I had the crook bar on the steering wheel so the car couldn't have been taken (I think !!).

I'll really have to make an effort to check the car in the evening. Problem is, sometimes when I know that I've locked the car - and checked it - it has been unlocked when I next go to it. This happens most often in supermarket car-parks. I think that somebody's key code is too close to mine.

The only previous attempt was more than thirty years ago in Zambia. Then, the thief tried to lever out the quarter lights on both driver and passenger sides but didn't have enough leverage, so only buckled the chrome window trim. After that I left the car unlocked so that thieves could gain access without difficulty (and consequential damage). The garden was fully enclosed so a thief couldn't get the car out onto the road.

I would really appreciate any advice here as I am tearing my hair out. The VSA warning light has been on for years and I didn't bother with it as it didn't affect the MOT. It now does. Honda said 2k, so I got the part taken out (ABS modulator) and sent it to ECU testing who repaired it.

My mechanic then put it back in but the light is still on so he checked the fault codes and there are four new ones coming up along with the two old one. ECU Testing advised him to clean sensors and reset but no luck.... Read more

Hi ny name is Andreas and im from Sweden

My English is not so Good but i give it a try... Read more